-
States revenue receipts will likely rise in double digits for a fourth consecutive year
-
The government reduced the fiscal deficit target for FY25 to 4.9 percent of the GDP compared with 5.1 percent
-
The direct tax collections figures released by the finance ministry for 2022-23 are provisional in nature and could change
-
'In Graphic Detail' is a special series of data stories covering the Union Budget's key elements over a short and long-term period
-
Compared to July, the August GST mop-up is 4 percent lower. While overall collections posted an impressive year-on-year growth, several states and Union Territories continued to see less than 14 percent on-year growth in revenue
-
This is the 11th month in a row that the total GST mop-up has come in above the Rs 1-lakh-crore mark
-
Tax revenues in last fiscal year grew by a record 34 per cent to Rs 27.07 lakh crore, which the ministry said is "a remarkable testimony to the rapid recovery" of the economy following successive waves of COVID-19.
-
The central government’s tax collections for FY22 have exceeded the revised estimate by 7.6 percent.
-
Economists are puzzled with the budget numbers—from nominal GDP assumption to estimates in revenue receipts to disinvestment figures to capex numbers.
-
Budget 2022: Finance Minister Nirmala Sitharaman wants to retain the Centre's focus on reviving the economy. But what do the Budget numbers say?
-
The central government’s fiscal position is now much better than it was before the pandemic
-
Speaking to Moneycontrol, Subramanian said the economic impact of the third wave could be minimal, and that the vaccination programme seemed well on track to inoculate all adults by December-end
-
The first quarter has been relatively encouraging on the tax and non-tax revenue front, and the Centre’s fiscal position is comfortable for now, even with additional expenditure. However, the government needs to pick up the pace on privatisation
-
The most important numbers investors should look for in the Budget and how they affect the economy
-
The gross tax revenue estimated in Budget 2020-21 stood at Rs 24.23 lakh crore, of which corporation tax was estimated to be Rs 6.81 lakh crore, income tax Rs 6.38 lakh crore, and GST Rs 6.90 lakh crore, among others.
-
A bulk of any state government’s revenue comes from indirect taxes levied on fuel, automobile sales, alcohol sale, real estate transactions, entertainment industry, etc -- all of which have been hit by the coronavirus lockdown
-
Seeking to force additional tax revenue out of a system that is facing serious slowdown owing to the ravages of the coronavirus can only end up intensifying the deflationary impact and adversely affecting future revenue.
-
As of October-end, the fiscal deficit stood at 102.4 percent of this target. To achieve the 3.3 percent target, nominal GDP has to grow at 12 percent of GDP, a tough ask given that GDP growth in Q2 came in at 6 percent
-
Reducing expenditure to offset the tax cuts and keep the deficit in check would be an own goal for the government
-
Muted government spending in the June quarter due to the elections has exacerbated the slowdown
-
The shortfall in FY19 revised estimates means that the projected numbers for FY20 will also need to be revised downwards
-
A revenue neutral GST for petrol and diesel will be around 40-45 percent, which will not reduce pump prices. Will states agree to a lower GST rate on petrol and diesel, without being assured of other avenues to offset VAT loss on fuels?
-
It appears that the interim budget may postpone any significant fiscal consolidation.
-
The provisional figures of tax collection in 2016-17 has increased by 18 per cent to Rs 17.10 trillion, up from the revised estimate of Rs 16.97 trillion.
-
The Receipts book is the government's record of revenues. All government earnings are clubbed under two heads; tax revenue and non-tax revenue.
